PAAC Deliberating First Supplementary Estimates

Members of the Public Administration and Appropriations Committee (PAAC) are now deliberating the First Supplementary Estimates for the 2017/18 financial year.

It will then be debated in the House of Representatives later in the afternoon for its approval.

Minister of Finance and the Public Service, Hon. Audley Shaw, tabled the Supplementary Estimates in the House of Representatives on Tuesday (December 5).

The figures show that the budget has been revised upwards from $715.6 billion to $805.4 billion, an increase of $89.8 billion.

The Estimates show an increase in the Recurrent (housekeeping) expenses from $493.7 billion to $515.4 billion while Capital (development) spending moved from $221.8 billion to $290 billion.

Under the revised budget, some $2 billion has been allocated to the Ministry of Economic Growth and Job Creation to undertake repairs to roads.

The provision will facilitate islandwide rehabilitation of parish council, farm and main roads, which suffered structural damage as a result of heavy rainfall over the past several months.

In addition, the Ministries of National Security, and Finance and the Public Service received increases in their allocations.

(Visited 3 times, 1 visits today)

About The Author

You might be interested in